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Flash Coffee Eyes Indonesia, Asia Expansion Following $15m Series A Funding

Flash Coffee Eyes Indonesia, Asia Expansion Following $15m Series A Funding
BY :JAKARTA GLOBE
APRIL 08, 2021
Jakarta. Flash Coffee, a coffee chain backed by Rocket Internet, plans to add more outlets in Indonesia and expand in more countries in Asia after securing $15 million in Series A funding led by White Star Capital, the company said in a statement on Wednesday.
Flash Coffee is the latest coffee chain to compete in Indonesia's burgeoning beverage market that includes homegrown rivals like Kopi Kenangan — backed by rapper Jay-Z and tennis star Serena Williams — Kopi Kulo, and Janji Jiwa.
The company's latest funding round, which also saw participation from Delivery Hero-backed DX Ventures, Global Founders Capital, and Conny & Co, pushed the total capital raised by Flash Coffee to $20 million.

Malaysia , Taiwan , Philippines , Japan , Thailand , Hong-kong , Kulo , Sulawesi-utara , Indonesia , Singapore , Vietnam , Republic-of